Antrim, Premier Oil begin drilling at Cyclone

2012-11-22 02:19 ET - News Release

Mr. Stephen Greer reports

ANTRIM ANNOUNCES COMMENCEMENT OF DRILLING OPERATIONS FOR THE CYCLONE PROSPECT IN UK CENTRAL NORTH SEA

Antrim Energy Inc. has been informed by operator Premier Oil U.K. Ltd. that drilling operations have commenced for the Cyclone prospect in United Kingdom central North Sea, licence P1784, block 21/7b (Antrim working interest 30 per cent).

Well 21/07b-4, which is being drilled with the Awilco WilPhoenix semi-submersible rig, will target the Tertiary Cromarty sandstones at a drilling depth of approximately 5,000 feet of true vertical depth. Antrim and Premier acquired the licence in the 26th seaward licensing round, as previously announced on Oct. 28, 2010.